Benchmark Regulations

MSCI as a Benchmark Administrator

MSCI has been committed to high standards in benchmark administration long before the EU Benchmark Regulation (“EU BMR”) was enacted, as evidenced through our long history as a respected benchmark provider and our adoption of the IOSCO Principles for Financial Benchmarks (described below). We fully support the aims of the EU BMR and UK Benchmark Regulation (“UK BMR”) and have been an active contributor to the development of benchmark regulation from the outset.

Below you can find information about MSCI’s status as a regulated benchmark administrator under the UK BMR and the EU BMR.

On March 5, 2018, MSCI Limited (located and registered at Ten Bishops Square, 9th Floor, London E1 6EG, UK) was granted authorization by the UK’s Financial Conduct Authority (“FCA”) as a UK benchmark administrator. Initially, the authorization covered MSCI equity and blended indexes. On June 13, 2019, MSCI notified the FCA in relation to MSCI Property Fund (with published NAV) Indexes and MSCI Property Indexes used as regulated benchmarks under the EU BMR. On December 16, 2019, MSCI notified the FCA in relation to the MSCI Fixed Income Indexes. On December 7, 2023, MSCI notified the FCA in relation to the MSCI Digital Assets Indexes. On June 7, 2024, MSCI notified the FCA in relation to the MSCI ETF linked Indexes. On August 20, 2025, MSCI notified the FCA in relation to the MSCI Venture-backed Private Company Indexes.

MSCI Limited is listed on the FCA Financial Services Register. The list of MSCI indexes covered by MSCI’s authorization with the FCA as a UK benchmark administrator can be found as described below.

For information on MSCI Limited’s authorization with the FCA, MSCI’s benchmark families and benchmark statements, relevant compliance statements and the indexes covered by MSCI’s authorization, please see: Information related to MSCI Limited's authorization.

On October 5, 2023, MSCI Deutschland GmbH (located and registered at Junghofstrasse 22-26, Frankfurt am Main, Germany) was granted authorization by Germany’s Federal Financial Supervisory Authority (“BaFin”) as an EU benchmark administrator for MSCI equity, blended and fixed income benchmarks. On January 19, 2024, MSCI Deutschland GmbH was granted an additional authorization by BaFin to endorse MSCI equity, blended and fixed income indexes administered in the UK by MSCI Limited. The ESMA Benchmark Register reflects such authorizations. For further information on MSCI Deutschland GmbH authorizations with BaFin, please see: Information related to MSCI Deutschland GmbH authorization.

MSCI Deutschland GmbH uses its authorization to endorse into the EU in-scope benchmarks administered by MSCI Limited in the UK, starting December 5, 2025. The list of indexes and their variants that are  endorsed, can be found on Benchmarks endorsed by MSCI Deutschland GmbH.

Pursuant to Article 6.5 of the EU BMR, clients of MSCI may request a copy of the MSCI BMR Control Framework here.